Cupid Limited has issued a critical notice to shareholders holding equity shares with unclaimed final dividends from financial year 2018-19, warning that these shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority if the dividends are not encashed by November 02, 2026. The company, a manufacturer and exporter of male and female condoms, water-based lubricants, and in vitro diagnostics (IVD) kits, stated that the transfer is mandatory for any dividend remaining unclaimed or unpaid for seven consecutive years. Shareholders who fail to meet this deadline will lose their equity holdings, which will be credited to the demat account of the IEPF Authority along with the unpaid dividend amount within 30 days of the deadline.

The intimation was dispatched on July 28, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication aligns with Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended. Hardik Chandra, Company Secretary and Compliance Officer at Cupid Limited, signed the disclosure, confirming that the details of affected shareholders have been uploaded to the company’s website.

Key Dates and Actions

Shareholders are advised to verify their folio numbers and demat account details immediately. The company emphasized that no further communication will be sent prior to the transfer. Once transferred, shareholders can reclaim their assets from the IEPF Authority only by following the specific procedure prescribed under the IEPF Rules, which involves filing claims and providing necessary documentation to the authority.

Contact and Support

For queries regarding the transfer process or to verify claim status, shareholders may contact Cupid Limited’s Registrar and Transfer Agent, Bigshare Services Private Limited. The RTA’s office is located at Unit: Cupid Limited, Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai – 400093. Shareholders can reach the RTA via telephone at +91-22-62638200, 62638221, 62638222, or 62638223, or via email at investor@bigshareonline.com . The company’s registered office remains at A-68, M.I.D.C. (Malegaon), Sinnar, Nashik – 422113, Maharashtra.

What This Means for Investors

This transfer mechanism is a statutory compliance requirement designed to clean up corporate registers of dormant holdings. For active investors, the primary risk is the accidental loss of equity due to administrative oversight, such as outdated bank details or failure to track dividend warrants. The seven-year threshold means that dividends declared in FY19 (financial year 2018-19) are now reaching the end of their claimable window. Investors holding physical shares or those who have not updated their bank mandates should act before November 02, 2026, to avoid the complex and time-consuming process of recovering shares from the IEPF Authority.

Cupid Limited announced that its equity shares have been reclassified from BSE Group B to BSE Group A by the Bombay Stock Exchange (BSE) pursuant to the Exchange's periodic review of listed companies. The reclassification, effective as of the intimation on July 11, 2026, marks a significant milestone in the company's journey as a listed enterprise. This development is expected to provide enhanced visibility among domestic and international market participants and improved accessibility for institutional investors.

The inclusion in BSE Group A signifies that the company satisfies the Exchange's prescribed eligibility criteria, representing one of the principal categories of listed securities. This transition reinforces the company's continued focus on governance, transparency, and regulatory compliance while maintaining trading under the normal rolling settlement mechanism.

Significance of the Reclassification

The shift to Group A is anticipated to offer several strategic advantages to Cupid Limited. These include a broader reach within the investment community and support for efficient price discovery and market liquidity. The company stated that this recognition reflects its disciplined business execution and operational standards.

Business Expansion and Global Reach

Cupid Limited has strengthened its position through strategic diversification and global expansion. The company exports products to more than 125 countries and holds the distinction of being the first in the world to attain WHO / UNFPA pre-qualification for both male and female condoms. Its product portfolio includes male and female condoms, water-based lubricants, IVD kits, and a range of Fast-Moving Consumer Goods (FMCG) such as fragrances and personal care items.

Key Operational Metrics

In March 2024, the company completed a strategic land acquisition in Palava, Maharashtra, to amplify production capacity. Cupid Limited has established long-term agreements with WHO / UNFPA & PFSCM, securing a substantial portion of its revenue from international markets.